Explain the purpose of an income statement

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Reference no: EM132033894

In a two- to three-page paper (excluding the title and reference pages), explain the purpose of an income statement and how it reflects the firm's financial status. Include important points that an analyst would use in assessing the financial condition of the company.

Also, analyze Ford Motor Company's income statement from its 2012 Annual Report.

Reference no: EM132033894

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